Bilfinger fund expands with £70m cap hike
Bilfinger Berger Global Infrastructure, a £244m market capitalisation closed-ended fund, is to raise £70m through a capital raise to pay for two new acquisitions and could increase the deal size to as much as £145m.
It will raise the funds through a placing, open offer and
offer for subscription, with the option to increase the size if further
projects are acquired.
The new shares will be sold at a premium to net asset
value, said the fund. That was 103.5p at the end of 2012.
The shares closed
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